Jaguar Mining Inc. announced consolidated production results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported consolidated gold production of 23,169 ounces up 3.4% compared to 22,456 ounces of gold in the fourth quarter of 2014. Average grade profile continues to improve with 216,000 tonnes processed at average grade of 3.96 g/t compared to 258,000 tonnes at an average head grade of 3.02 g/t in fourth quarter of 2014. Turmalina gold production of 14,449 ounces, up 20%, compared to 12,067 ounces of gold in fourth quarter of 2014, on increasing grade at 4.79 g/t and higher recovery at 91%. Caeté gold production of 8,720 ounces, compared to 10,389 ounces of gold in fourth quarter of 2014, on higher grade of 2.59 g/t, significant improvement in recovery at 90%.

For the full year, the company reported consolidated gold production of 90,421 ounces, compared to 92,057 ounces of gold in 2014, on increasing average grade profile of 3.67 g/t and strong recovery of 90%. Turmalina gold production of 50,659 ounces, up 5.6% compared to 47,968 ounces of gold in 2014, on higher grade of 4.25 g/t and higher recovery at 91%. Caeté gold production of 39,762 ounces on higher grade of 2.92 g/t and strong recovery of 89%. Gold sales of 92,988 ounces up slightly compared to 92,264 ounces of gold in 2014. Preliminary Cash and bullion at fiscal year end, December 31, 2015, approximately $15.3 million.

The company provided production guidance for the full year of 2016. For the full year of 2016, the company expects to produce Au production in the range of 90,000 ounces to 95,000 ounces.